help! currency price question
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belows are close price from MT4 history centre
EURUSD
day 1 1.2072
day 2 1.20483
day 3 1.20892
GBPUSD
day 1 1.39262
day 2 1.39244
day 3 1.39513
EURGBP
day 1 0.8665
day 2 0.86509
day 3 0.86608
however, when I use EURUSD/GBPUSD to find EURGBP, the result is
day 1 0.866855
day 2 0.865265
day 3 0.866529
is my formula incorrect?